I would be MERCILESS about using the following metrics:20% for repairs and capex 8% minimum for vacancy and related costs (evictions, etc.)10% for management even if you manage yourself.

I am a relatively new investor with two cash flowing SFH rentals that are building equity nicely.

Have to weight the relative importance, just like in many other business decisions.

I started listening to the BP podcast a few months ago as well, and it quickly became my favorite Real Estate Related podcast!

I am also a relatively new RE investor in Wilmington, DE.

If you are looking for a variety of ways to do relatively passive investments you might want to check out my blog article Three Key Routes for Passive Real Estate Investing

The only difference in the contract between an owner finance and a cash deal or conventional financing is the section of the agreement that relates to payment of the purchase price.

A cosigner can be your spouse, your partner, a relative or a friend, provided they have good enough credit to guarantee the loan.

My goal is to buy my first deal in my early 20s, probably by house hacking, then house hack more and more properties as well as buy multi family properties.I’m still relatively new and I’m keen to learn more, I’m asking for tips from anyone about getting started and also stories about your first investments would also be useful.

So go head and ask me anything related to the plumbing trade and maybe you can help me narrow my search for a good market or even partner on something!